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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: James Calladine who wrote (37932)	3/6/2002 12:01:22 PM
From: Mike M	Read Replies (1) \| Respond to of 99280

On the other hand, Europe has never taken a back seat to anyone when it comes to protectionism. I doubt Bush backs down despite the fact that there will be significant fall out. He isn't running for re-election in Europe. He set the clock with a three year window...I think it sticks. Europe and U S will simply have to work these kind of issues out and do their best to avoid ugly confrontations or suffer "one upsmanship" consequences which no one wins.

To: James Calladine who wrote (37932)	3/6/2002 6:27:33 PM
From: Psycho-Social	Respond to of 99280

Tariffs & Quotas, Friends & Enemies: Exactly. One of the unusual aspects of the action, noticed by the Wall St. Journal as well, is the selectivity of the penalties, which the Journal says is designed to reward those who support our war on terrorism and let the countries that don't matter bear the brunt of the restrictions. An interesting aspect of the situation is that no major domestic political force is opposing Bush on this. The Democratic leadership wanted even stronger quotas and tariffs! Now let's see what tangible countermeasures are taken. (Remember Microsoft's case is still pending before the European trade body.)